Decipher

What Decipher does

Decipher Credit Solutions, Inc. is a private SaaS provider of cloud-based commercial lending software, headquartered in Bethesda, MD, and founded by former asset-based lending practitioners. The company targets non-consumer commercial lenders across five verticals: asset-based lending (ABL), general factoring, freight factoring, commercial real estate (CRE), and SBA lending. The platform was designed by lenders for lenders, deliberately excluding consumer credit workflows and differentiating from generic loan origination system (LOS) vendors that serve consumer or mortgage markets.

The platform comprises six interconnected core modules — Origination, Underwriting, Monitoring, Documents, Workflows, and Decisioning — supplemented by specialized vertical sub-brands: Decipher ABL Software, Factoring Origination System (FOS), Fast Lane Freight Factoring, and Decipher CRE Software, plus Microsoft Office add-ins (Decipher Docs for Word, Decipher Connect for Outlook) listed on Microsoft AppSource. Technology is hosted on AWS with SOC 2-aligned security controls and integrates with 16+ third-party providers including Experian, Plaid, Salesforce, QuickBooks, Xero, Ocrolus, Ficoso, Creditsafe, Microbilt, SignRequest, HubSpot, PayPal, ABLSoft, PPSA, CSCGlobal, and Microsoft 365 (Outlook, Word, Entra ID SSO). The platform embeds generative AI for credit-memo automation and A/R analysis (2024), NLP-based email classification, anomaly detection for fraud (Freight Shield), and predictive analytics via lender-configurable scorecards. Compliance posture covers SOC 2 Type 2-aligned controls, FCRA, GLBA, GDPR, and CCPA.

Decipher operates a sales-led go-to-market with three subscription tiers — Starter (entry-level with per-application minimums), Professional (flat annual fee, unlimited applications/users, premium support), and Enterprise (full access with premium support) — and a separate usage-based pricing structure for Fast Lane ($28.95–$54.95 per application plus a Long Haul tier at $1,750–$2,500/month). Revenue is supplemented by consulting, training, and integration services billed as add-ons, and data-services costs pass through directly to the customer's third-party data provider. Distribution relies on direct demo-based sales, IFA Preferred Vendor status, SFNET/AAPlonline association membership, and marketplace listings on Microsoft AppSource and Salesforce AppExchange. Decipher is independently held with no disclosed parent, private equity sponsor, or venture capital investment.

Name

Decipher

Legal name

Decipher Credit Solutions, Inc.

Website

https://deciphercredit.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Decipher Credit Solutions is a Bethesda-based SaaS provider of cloud-based commercial lending software for asset-based, factoring, freight factoring, CRE, and SBA lenders. Its end-to-end platform automates origination, underwriting, monitoring, and document management with embedded AI and 16+ third-party integrations.

Ownership category

akta.pro rank

Product category

Commercial Lending Software

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Services-Prepackaged Software (7372), Finance Services (6199)

akta.pro primary industry

Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

akta.pro secondary industry

Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)

Keywords

• Loan origination software
• Commercial lending platform
• Asset-based lending
• Underwriting automation
• Factoring origination

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Subscription Services (SaaS): Decipher operates on a SaaS subscription model with three tiers: Starter (limited access with per-application minimum), Professional (full advanced product access with unlimited applications and users, flat fee), and Enterprise (full access with premium support). Subscriptions are billed monthly or annually. Payments are processed via debit/credit card or invoice (ACH within 30 days).
2. Per-Application Pricing (Fast Lane): Fast Lane Freight product is priced per application submitted, starting at $28.95/app for basic features, $38.95/app for standard, $45/app for premium, and $54.95/app for auto-approval tier. These are usage-based application fees independent of the main subscription tiers.
3. Monthly Subscription (Long Haul): Long Haul Fast Lane plan priced at $1,750-$2,500/month for unlimited applications with full feature access including custom workflow, document management, electronic signature, and advanced integrations.
4. Data Services: Third-party data services (credit bureaus, bank connections, accounting systems) are billed separately through the customer's direct agreement with the data provider. Not included in Decipher subscription fees.
5. Consulting Services: Professional services including training, installation, configuration, integration, and other consulting are sold separately as an add-on Order, billed in addition to subscription fees. Performed remotely unless on-site is agreed upon; fees are non-refundable.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Decipher provides a cloud-based commercial lending SaaS platform that automates the entire loan lifecycle — origination, underwriting, monitoring, document management, workflow coordination, and real-time decisioning — for commercial lenders such as asset-based lenders, factoring companies, commercial real estate lenders, SBA lenders, and freight factors. The platform embeds AI/GenAI for automated financial spreading, credit memo generation, and fraud detection, and is highly configurable to each lender's loan policies and risk criteria.

Product overview

Decipher is a cloud-based commercial lending platform providing a comprehensive, modular SaaS solution for lenders. The platform is built around a core suite of six interconnected modules (Origination, Underwriting, Monitoring, Documents, Workflows, and Decisioning) supplemented by specialized sub-brands for specific lending verticals (ABL Software for asset-based lending, Factoring Software and FOS for factoring, Fast Lane for freight factoring, and CRE Software for commercial real estate). Key AI-powered features include GenAI automation for credit memos and financial analysis. The platform integrates with major productivity tools (Microsoft 365/Gmail for email, Salesforce for CRM, QuickBooks/Xero for accounting, Experian/Creditsafe for credit data, Plaid for bank connections) and offers Microsoft Office Add-ins (Decipher Connect for Outlook and Decipher Docs for Word). Subscription tiers include Starter, Professional, and Enterprise with varying feature access and support levels.

Differentiator

Problem solved

Functional benefit

Brands

• Fast Lane: Freight factoring origination technology platform designed exclusively for the freight factoring industry.
• Decipher Connect
• Decipher Docs
• Decipher ABL Software
• Decipher Factoring Software
• Factoring Origination System (FOS)
• Freight Shield
• GenAI Automation

Products and services

• Decipher Origination Loan origination system with built-in CRM that streamlines the entire loan application and approval process for commercial lenders. Manages leads through onboarding via a digital borrower portal for documentation and account connections.
• Decipher Underwriting Automated underwriting engine that covers business owner and company analytics, automated reports, collateral search and file, financial spreading, and A/R & A/P analysis. Highly configurable to each lender's unique risk criteria and loan policies.
• Decipher Monitoring Borrower monitoring module that connects to bank information and accounting systems from origination, with automatic alerts for irregular activity. Includes a business analytics module for self-service reports and dashboards.
• Decipher Documents Document management system that auto-populates document templates including agreements, proposals, tax forms, credit memos, and internal summaries. Includes built-in electronic signature for multiple or single signatures.
• Decipher Workflows Workflow automation tool that improves team coordination with automatic internal email notifications at multiple pipeline stages, missing-item tracking, email template management, and multi-level permissions.
• Decipher Decisioning Real-time automated loan decisioning engine that uses customer, business, and third-party data configured to lender loan policies and risk thresholds. Replaces manual reviews with instant decisions.
• Decipher ABL Software Asset-based lending software with automated financial spreading, borrowing base calculations, A/R analysis, inventory calculations, customized scorecards, document management with e-signature, and automated credit memo pre-fill, designed specifically for ABL lenders.
• Decipher Factoring Software Automated factoring origination and underwriting software featuring AI-powered financial spreading, ID validation with selfie liveness detection, customized scorecards, smart document management, and AI-powered credit memo generation for factoring companies.
• Factoring Origination System (FOS) Comprehensive factoring origination platform with customizable deal pipelines and stages, broker/partner management, personal application links, digital checklists, smart documents with e-signature, risk alerts, and bank/accounting system connections.
• Fast Lane Freight Factoring Freight factoring origination platform that closes clients in seconds, with ID capture, MC/DOT verify, automated background search, instant company status, auto approval, UCC filing, Freight Shield fraud detection, and bank connection monitoring.
• Decipher Commercial Real Estate (CRE) Software Commercial real estate loan origination and private lending software that reduces costs in real estate lending and portfolio management, improving client experience and enabling scale for bank and private real estate lenders.
• Decipher Connect (Outlook Add-In) Microsoft Outlook Add-In that enables lender teams to create loan applications, send credit applications to leads, view lead contact information stored in Decipher, and add new lead contacts directly from Outlook.
• Decipher Docs (Word Add-In) Microsoft Word Add-In for document automation that lets lenders insert placeholders into standardized documents; once uploaded to Decipher, documents are dynamically generated based on automated credit decisions.

Quantifiable outcome

• 34% increase in loan originations
• +4 more outcomes

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

AI capability9 records

Feature15 records

Partnerships

21 partnerships are on record, tiered core infrastructure, core integration, supporting integration, key channel partner and supporting partner.

• Amazon Web Services (AWS)core infrastructureTechnology or IntegrationDecipher hosts its cloud platform using Amazon Web Services. AWS provides the underlying cloud infrastructure supporting the Decipher commercial lending SaaS platform. Decipher maintains a security program designed around recognized industry standards including SOC 2 controls.
• Experiancore integrationTechnology or IntegrationExperian integration provides Decipher users access to business credit data and reports through Experian's data services, enabling automated credit analysis within the Decipher platform.
• Plaidcore integrationTechnology or IntegrationPlaid integration allows Decipher users to connect borrower bank accounts for instant bank account verification, financial data access, and ongoing financial monitoring.
• Salesforcecore integrationTechnology or IntegrationDecipher has a partnership with Salesforce and launched an app on Salesforce AppExchange. The integration allows syncing of deals and data with Salesforce CRM, particularly for larger lending teams using the Fast Lane Long Haul plan.
• QuickBookscore integrationTechnology or IntegrationQuickBooks integration enables Decipher users to connect borrower accounting systems for automated financial spreading, AR/AP analysis, and ongoing financial monitoring directly from QuickBooks data.
• Xerocore integrationTechnology or IntegrationXero accounting system integration allows Decipher users to connect borrower accounts for automated financial spreading and financial health monitoring within the platform.
• Ficoso (First Corporate Solutions)core integrationTechnology or IntegrationAPI integration with Ficoso (First Corporate Solutions) enables automated UCC search and filing directly from the Decipher origination and underwriting platform, accelerating new client onboarding and due diligence.
• Ocrolussupporting integrationTechnology or IntegrationOcrolus document automation integration enables Decipher to process financial documents for automated spreading and analysis, improving data capture efficiency.
• Creditsafecore integrationTechnology or IntegrationCreditsafe integration provides Decipher users access to business credit reports through Creditsafe, enabling automatic or manual credit data retrieval for faster credit decisions.
• Microbiltsupporting integrationTechnology or IntegrationMicrobilt data integration provides additional data services for identity verification and fraud prevention within the Decipher lending platform.
• SignRequestcore integrationTechnology or IntegrationSignRequest electronic signature integration enables Decipher to send documents for multiple or single electronic signatures directly from the platform, streamlining the loan closing process.
• Validissupporting integrationTechnology or IntegrationValidis integration provides standardized financial data extraction and normalization services within the Decipher platform for financial analysis and spreading.
• PayPalsupporting integrationTechnology or IntegrationPayPal integration provides additional payment and financial data connectivity options within the Decipher platform ecosystem.
• HubSpotsupporting integrationTechnology or IntegrationHubSpot CRM integration allows Decipher users to sync customer relationship data and marketing/sales activities with their HubSpot instance.
• Microsoftcore integrationTechnology or IntegrationMicrosoft integration encompasses Office 365, Outlook, Word, and Microsoft Entra ID (Azure AD) for SSO. Decipher Connect (Outlook Add-In) and Decipher Docs (Word Add-In) are available on Microsoft AppSource. Microsoft Entra ID enables SSO authentication between Office 365 apps and the Decipher platform.
• CSCGlobalsupporting integrationTechnology or IntegrationCSCGlobal integration provides UCC filing and lien management services within the Decipher platform ecosystem.
• ABLSoftsupporting integrationTechnology or IntegrationABLSoft provides specialized asset-based lending software tools integrated with the Decipher platform to enhance ABL-specific functionality.
• PPSAsupporting integrationTechnology or IntegrationPPSA integration provides public notice filing and registration services related to personal property security agreements within the Decipher platform.
• International Factoring Association (IFA)key channel partnerGTM or Marketing PartnerDecipher is an IFA Preferred Vendor, gaining visibility and credibility within the factoring community. The IFA is the leading organization representing factoring companies in the US and internationally. Decipher sponsors IFA events and raffles, and offers IFA Special pricing on Fast Lane products.
• SFNETsupporting partnerGTM or Marketing PartnerSFNET (Secured Finance Network) membership provides Decipher with access to the secured finance and asset-based lending industry community for marketing, visibility, and networking.
• AAPlonlinesupporting partnerGTM or Marketing PartnerAAPlonline membership provides Decipher with industry visibility and networking within the alternative asset finance community.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Lendio: Lendio operates a small business loan marketplace connecting SMBs to multiple lenders, with a software platform for partner lenders. It shares Decipher's SMB lending orientation and use of AI-driven credit workflows but is more focused on marketplace aggregation than full-lifecycle LOS.

Others

• Plaid: Plaid provides bank account connectivity, verification, and financial data infrastructure used by lenders for instant bank connections and cash flow underwriting. It is a Decipher integration partner but also an enabling layer that competing LOS platforms can leverage, making it a strategic ecosystem participant.
• Ocrolus: Ocrolus provides AI-powered financial document analysis and cash flow analytics used by lenders for income/financial verification and spreading. It is both a partner (integrated into Decipher) and an adjacent enabler whose capabilities could be embedded by competitors seeking automated financial analysis.

Direct peers

• MeridianLink: MeridianLink provides a digital lending and account opening platform used by banks, credit unions, and fintech lenders. It competes in commercial and consumer loan origination, decisioning, and workflow automation with similar configurability and integration patterns to Decipher.
• Baker Hill: Baker Hill specializes in commercial loan origination, credit analysis, and portfolio risk management for community and regional banks. Its single-point commercial LOS, spreading, and decisioning capabilities make it a direct comparable to Decipher's underwriting and monitoring modules.
• nCino: nCino is a cloud-based banking platform with a strong commercial loan origination, underwriting, and account opening suite targeting commercial and small business lenders. It directly competes with Decipher's origination, underwriting, decisioning, and workflow modules in the same commercial banking buyer base.
• Abrigo: Abrigo provides loan origination, compliance, and credit risk software to banks and credit unions, with deep coverage of commercial and small business lending workflows. It overlaps directly with Decipher's target buyer (community and mid-market commercial lenders) and core loan lifecycle modules.

Broad incumbents

• FIS Lending Solutions: FIS is a global financial technology provider whose lending solutions span consumer, mortgage, and commercial loan origination for large banks. It overlaps with Decipher at the upper end of the commercial banking market but serves a much broader buyer base.
• Finastra: Finastra is a large-scale financial software vendor offering loan origination, corporate banking, and treasury solutions to global banks. It competes broadly in commercial lending technology with Decipher but as a wider portfolio play rather than a commercial-lending specialist.
• Jack Henry Lending: Jack Henry provides technology solutions to community and mid-sized banks, including commercial loan origination and account processing. It is a broader banking technology incumbent that competes with Decipher in commercial lending workflows among its community bank customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/deciphercredit
• LinkedInlinkedin.com/company/decipher-credit-solutions-llc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Decipher